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Prime Investment Opportunity in the Heart of Meredith, NH! Don’t miss this rare chance to own a mixed-use building featuring 5 residential apartments and 2 office spaces in one of the most desirable locations in the Lakes Region. One office unit has been recently updated with fresh paint, new flooring, and an energy-efficient mini split system. Each unit comes with assigned parking, and there’s additional public parking conveniently located right next door. The property also offers a basement level with ample storage space and coin-operated laundry, adding further value for tenants. Situated steps from Lake Winnipesaukee, the Town Docks, shopping, dining, bars, and Hermit Woods Winery, this property is perfectly positioned to attract renters and businesses alike. This is an excellent opportunity for investors looking to expand their portfolio with a versatile, income-generating asset in a vibrant, walkable community. Also listed under multi-family MLS#5039556
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $1,036,000 | $1,036,000 | $1,036,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.739% | 6.183% |
Monthly Tax Payment | $515 | $515 | $515 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,882 | $6,634 | $8,742 |
Total Monthly Payment | $6,522 | $7,274 | $9,382 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.